On top of that 300, add R&D costs, marketing, assembly and shipping and you could very well justify the hefty price we pay for the iPhone. I am actually surprised it cost this much to make custom.
So $300 is not really the cost of making them right?
Apple made a phone from scratch, sold it, someone got the parts and refurbished them to on sell them.
So you'd expect the price to be much lower? What's the original cost?